Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Homes where the loan-to-value ratio is 50% or lower — equity-rich homes — are on the rise, which is good news for homeowners.

Arizona REALTORS® has donated over $57,000 to AZHF since its inception, including $15,000 scheduled for the fourth quarter of 2023.

Meanwhile, July’s home sale prices had their highest increase since November.

Tucker Blalock, co-founder of The Brokery, was selected as a member of Phoenix Business Journal’s 40 Under 40 Class of 2023.

Chicago-based brokerage Fulton Grace Realty is expanding into Arizona with its first franchise partner.

The Eastmark master-planned community in Mesa was recognized by RCLCO Real Estate Consulting’s Mid-2023 Sales Top 50.

Through this agreement, Arizona REALTORS® members have discounted access to DirectOffer’s AudioTours™ technology, which turns standard listing photos into custom home tours.

This real-life Barbie dream house in Phoenix has everything a Barbie girl could want — life-size Ken not included.

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 

National Association of REALTORS® Chief Economist Lawrence Yun took issue with the increase, saying the central bank has created “a rare and very tight monetary policy condition.” 

The property even includes some original church features, like stained glass windows and an actual pipe organ.

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said. 

Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

The drop in the pace of new-home construction follows a significant surge the month before, according to government statistics. 

As more owners continue to hang onto their houses, home values locally and across the nation have reached a new peak, but it comes at a cost.